Australia ends clean energy target plans

The government rejected the recommendation by chief scientist Alan Finkel to create a CET made in a review of Australia's energy sector in July. Finkel's report said the CET would allow all electricity generators to receive incentives, based on the emissions produced and in a technology-neutral way. The CET was Finkel's suggestion to replace the current federal renewable energy target (RET), which expires in 2020. The RET aimed for 33TWh of renewable generation. It was previously cut from 41TWh in 2015. Instead, Malcolm Turnbull's coalition government has formed another technology-neutral system by removing levels of support or tax, "creating a level playing field for all energy sources". "The guarantee is made up of two parts that together will require energy retailers and some large users across the national electricity market to deliver reliable and lower emissions ener...